December U.S. Treasury bond futures prices dropped sharply Friday and closed at a bearish weekly low close. Bears still have some downside technical momentum early this week, to suggest bulls will continue to stuggle in the near term. Fundamentally, the specter of a new U.S. Federal Reserve Chairman that will be more hawkish on U.S. monetary policy than present Chair Yellen, is also a negative for the U.S. Treasury markets. Stay tuned!–Jim
